"The Ministry stated that, since the beginning of the attack, 137...
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Middle East Crisis: 444 flights expected to be cancelled on March 1, Flight disruptions hit passengers across India
“Passenger assistance, airline coordination, and terminal crowd...
West Asia Crisis:Oil, gas tankers avoid Strait of Hormuz as tensions intensify
Tracking data shows some tankers turning around, and at least one...
Insurers demand longer term assets to fund Govt’s Rs29.7 lakh crore debt pile
The finance ministry has set a record target of Rs 2.5 trillion of debt to be swapped for the fiscal year starting April 1. With the insurance sector expanding at 12%-13% annually, the goal is within reach, according to Vidya Iyer, head of fixed income at ICICI...
Disaster is directly linked to climate change: Amit Shah
This Bill does not infringe on the federal structure. The primary responsibility for disaster management lies with the District Disaster Management Authority (DDMA), which operates under the state government,” Union Home Minister Amit Shah New Delhi: Union Home...
New India partners with BoI for distributing its products
L to R -PR Rajagopal, ED BOI, Girija Subramanian CMD, NIA, Mukta Sharma GM, NIA, Anjali Bhatnagar GM, BOI ,. Rajneesh Karnatak, MD and CEO BOI, M. Karthikeyan, ED BOI, Rajiv Mishra , ED BOI at an event to sign bancassurance deal between NIA and BoI ``New India strives...
India’s financial system resilient, diverse: IMF report
The report observed that India's insurance sector is strong and growing, with a significant presence in both life and general insurance. The sector has remained stable, supported by better regulations and digital innovations New Delhi: The Indian financial system has...
Singapore general insurance premium rises by 6.3% to S$10.8 billion in 2024, Underwriting profit grows by 5.6% to S$642.31 million
“The general insurance sector is operating in an increasingly complex and fast-evolving risk environment. From climate-related disasters to rising medical costs and economic volatility, insurers today must navigate a rapidly changing landscape,” said Mr. Ronak Shah,...
National Insurance Academy sets up Centre of Learning in Insurance and Cyber Security
NIA has signed a Memorandum of Understanding with C3i Hub, IIT Kanpur, to facilitate industry-specific research in Cyber Security Risk and Insurance Pune: National Insurance Academy (NIA), Pune, inaugurated its new Centre of Learning in Insurance and Cyber Security,...
Group Health Insurance: Future Of Employee Benefits
Shashank Chapekar , Chief distribution officer , ManipalCigna health insurance In today’s world, group health insurance must be flexible and inclusive, meeting the needs of a diverse workforce comprising full-time multigenerational employees, remote workers, and gig...
Fidelis Partnership launches international casualty MGA Sevanta
Sevanta will focus on niche international specialty liability, writing business on both a primary and excess basis across a global portfolio Pine Walk Capital Limited, the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership, is pleased to...
GIC Re slashes premium for Terrorism Pool by 10% from Apr 1
With a total premium of Rs 1655 crore, the claims ratio for IMTRIP was just 0.21 per cent in FY 24. Similarly, with a premium of Rs 1809 crore, the IMTRIP had a claim ratio of just 0.13 per cent in FY 23. Therefore, GIC Re and other members of the Pool had taken...
Shriram General wins court case in fraudulent motor claims case
The case also exposed a nexus between a hospital, police officials, and lawyers to claim motor vehicle accident insurance money by submitting forged documents, fraudulent certificates and medicine bills, Shriram General Insurance Company said in a statement New Delhi:...